How U.S. Billionaires Avoid Reporting Gains to IRS

21 Nov 2011 12:55 #21 by BearMtnHIB

Sure a flat-tax that screws the middle and lower classes even more than the current tax-code would be exactly to your liking. Thanks for playing.

rofllol :

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21 Nov 2011 13:22 #22 by FredHayek

LadyJazzer wrote: Sure a flat-tax that screws the middle and lower classes even more than the current tax-code would be exactly to your liking. Thanks for playing.


Forbes flat tax exempts the first 50K in income before it starts applying, but I know, anything from the Right is immediately rejected.

Beside GE loves the current system, no corporate income tax if you are a buddy of Obama. Washington, the way it is under Democrats.

Thomas Sowell: There are no solutions, just trade-offs.

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21 Nov 2011 13:29 #23 by BearMtnHIB
I would be opposed to any flat tax that exempts the first 50K- everyone should pay taxes.

My flat tax would tax everyone the same. Those making less than 50K use the same schools, roads and infrastructure that those making over 50K use, and they should not be getting those services for free while others pay for it.

When everyone has some skin in the game- we all have an interest in limited government. When you exempt half the population - you get what we have now - those who pay nothing become apathetic.

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21 Nov 2011 13:54 #24 by FredHayek
Former Dem Corzine avoids reporting gains to the IRS! Because he ran his company into the ground and stole money from people's accounts while he was doing it!

Thomas Sowell: There are no solutions, just trade-offs.

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21 Nov 2011 13:58 #25 by LadyJazzer
Corzine is a crook, a thief, and deserves to be put behind bars... I hope they put him in a cell right next to Madoff... They can compare notes.

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